228/19B Kitchener Drive
Darwin City, NT 0800

Overview

228/19B Kitchener Drive, Darwin City NT 0800

Apartment 228 is a refined two-bedroom, two-bathroom waterfront residence offering a blend of strong investment performance and a contemporary upgraded interior. The property features elevated harbour views, generous living spaces, and a flexible floor plan designed for comfort. It has generated over $102,000 in short-stay income in the past year, ranking among the most consistently profitable short-stay options in the Darwin Waterfront precinct.

This home has been thoughtfully enhanced with quality finishes and a reconfigured layout, making it an excellent lifestyle retreat or a high-yielding investment in one of Darwin's most sought-after locations.

Property Highlights:

• Generous two-bedroom apartment with high-end finishes and stunning pool and sunset vistas
• Newly renovated kitchen featuring stone benchtops, SMEG appliances, and plumbed fridge space
• Bright open-plan living and dining areas flowing to a sheltered entertainer's balcony
• Ducted Mitsubishi Heavy Industry air-conditioning and window tinting throughout for year-round climate comfort
• Spacious master bedroom with double robes and private ensuite
• Second bedroom located adjacent to the main bathroom, which includes a bath, shower, vanity, and toilet
• Clever study nook, internal laundry, and secure two-car parking
• Intercom access, lift, and security fob entry for peace of mind
• Pet-friendly residence with well-maintained common grounds and guest parking
• Presented in exceptional condition with no further expenditure required

Investment Snapshot:

• Proven performer with over 10 years of successful short-stay history
• Gross annual income exceeding $102,000 in the past 12 months
• Gross yield over 11%, standing out in the premium market
• Sold fully furnished, with an approximate value of $20,000
• Optional vehicle available for purchase at an additional $10,000
• Professionally managed short-stay property with a 15% management fee, offering effortless, hands-off investing
• Turnkey opportunity allowing continuation as a short-stay rental or immediate move-in

Waterfront Location Benefits:

• Situated within the Darwin Waterfront Precinct, renowned for lifestyle, dining, and attractions
• Quietly positioned with no commercial spaces or restaurants below
• Dog-friendly walking tracks at your doorstep
• Short stroll to the Wave Lagoon, Darwin Wharf, and water park
• Close proximity to the CBD, Mindil Beach, Smith Street Mall, and Botanic Gardens

Key Facts:

• 2 bedrooms, 2 bathrooms, and 2 car spaces
• Income of $102,023 gross in the previous 12 months
• Gross yield over 11%
• Secure, air-conditioned, and completely move-in ready
• Ideal for a high-performing Airbnb or executive-leasing model

This is an exceptional opportunity to secure a strong-earning property in Darwin's most desirable waterfront address. Whether seeking reliable returns or a stylish retreat with income potential, Apartment 228 offers premium living and impressive performance. Quality investments like this are tightly held and rarely available.

The Finer Points:

• Council Rates: Approximately $1,758 per annum
• Area Under Title: 114 square metres
• Year Built: 2009
• Zoning: CB (Central Business)
• Pool Status: In Complex
• Status: Vacant Possession
• Body Corporate: North Property Management
• Body Corporate Levies: Approximately $2,393 per quarter
• Body Corporate Special Levy: $1,173 (Q3 & Q4 only)
• Vendors Conveyancer: Cozens Johansen Lawyers
• Settlement period: 45 days or variation on request
• Easements: As per title
• Deposit: 10% or variation on request

Location